Coronavirus News 

Zydus Cadila proposes Rs 1900 for three-dose COVID vaccine

By Administrator_ India Capital Sands With talks underway between the central government and Zydus Cadila over the pricing of the COVID-19 vaccine ZyCov-D, the pharma company is learnt to have proposed a price of Rs 1,900 for its three-dose jab that can be given to those above 12 years of age. However, the government is negotiating for a reduction in price and a final decision on it is likely to be taken this week, sources in the know of the developments told PTI. The government had on Thursday said that…

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Coronavirus News 

Covid-19 pandemic cut life expectancy by most since World War II

By Administrator_ India Capital Sands The Covid-19 pandemic reduced life expectancy in 2020 by the largest amount since World War II, according to a study published on Monday by Oxford Univer­sity, with the life expectancy of American men dropping by more than two years. Life expectancy fell by more than six months compared with 2019 in 22 of the 29 countries analyzed in the study, which spanned Europe, the United States, and Chile. There were reductions in life expectancy in 27 of the 29 countries overall. The university said most life expectancy reductions across different…

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India 

No Delta plus variant of COVID-19 found in 376 samples tested in Mumbai

By Administrator_ India Capital Sands No Delta plus variant of COVID-19, considered highly contagious, was found among 376 samples tested in the second round of genome sequencing in Mumbai, a senior civic official said. Additional municipal commissioner (western suburbs) Suresh Kakani said the samples were examined at a genome sequencing facility inaugurated in the city last month. In a statement issued by the BMC, Kakani said, “The genome sequencing facility at civic-run Kasturba Hospital has tested 376 samples so far (in the second round). Not a single sample was found…

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PM Modi arrives in US to attend Quad leaders' summit, address UNGA International 

PM to visit US for Quad on Sept 24; focus on Afghan crisis, Covid-19

By Administrator_ India Capital Sands Prime Minister Narendra Modi will travel to the US next week to participate in the first in-person Quad summit that is expected to broadly focus on contemporary global challenges, including the Afghan crisis, the Covid pandemic, and ensuring a free and open Indo-Pacific. In his first visit to the US since President Joe Biden took office, the prime minister will participate in the summit of the four-nation grouping on September 24 in Washington and address the 76th session of the UN General Assembly in New York the next…

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Vaccine passports Coronavirus News 

Vaccine passports ditched in UK’s new plan to manage Covid-19 pandemic

By Administrator_ India Capital Sands British Prime Minister Boris Johnson will set out on Tuesday his plans to manage the Covid-19 pandemic in the winter months, announcing a decision to scrap the introduction of vaccine passports and steps to end some emergency powers. Johnson, under fire from some in his governing Conservative Party for raising taxes to fix a health and social care crisis, looks set to try to soothe those critics by ditching plans to introduce passports despite an increasing number of coronavirus cases. Speaking to broadcasters, Health Minister Sajid Javid said he did not…

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Business 

Gold imports nearly double in August as prices dip ahead of festivals

By Administrator_ India Capital Sands India’s gold imports in August nearly doubled from a year earlier to the highest in five months on strong demand and as weaker prices prompted jewelers to ramp up purchases for the festive season, a government source said. Higher imports by the world’s second-biggest bullion consumer could support benchmark gold prices, which have corrected nearly 12% from an all-time high of $2,072 in August 2020. The surge in imports could increase India’s trade deficit and pressure the rupee. India imported 121 tonnes of gold in August, compared to…

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World 

Sydney Lockdown Extended By 4 Weeks As Australia COVID-19 Cases Spike

By Administrator_ India Capital Sands The Australian city of Sydney extended a lockdown by four weeks on Wednesday after an already protracted stay-at-home order failed to douse a COVID-19 outbreak, with the authorities warning of tougher policing to stamp out non-compliance. Far from a planned exit from lockdown in three days, the city of 5 million people and neighboring regional centers spanning 200 km (120 miles) of coastline were told to stay home until August 28 following persistently high case numbers since a flare-up of the virulent Delta variant began…

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Market 

Asian Stocks Up Following U.S. $579 Infrastructure Deal

By Administrator_ India Capital Sands Asia Pacific stocks were up Friday morning after a U.S. $579 billion infrastructure deal boosted investor sentiment and sent U.S. shares to record levels. Japan’s Nikkei 225 was up 0.68% by 10:19 PM ET (2:19 AM GMT). The Tokyo Core Consumer Price Index was at 0% in June year-on-year, but above the 0.1% contraction in forecasts prepared by investing.com and the 0.2% contraction in the same month in 2020. South Korea’s KOSPI jumped 0.76%. In Australia, the ASX 200 rose 0.38%. Hong Kong’s Hang Seng Index increased 0.57%. China’s Shanghai Composite was up 0.21% while the Shenzhen Component rose 0.56%. The…

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Forex Analysis 

Dollar Down Over Higher-Than-Expected Inflation Data

By Administrator_ India Capital Sands The dollar was down on Friday morning in Asia after the U.S. posted higher-than-expected inflation data in May. The USD/JPY pair inched up 0.08% to 109.40, with a new analysis saying another COVID-19 surge could come in Japan with or without the Olympics. The AUD/USD pair inched up 0.04% to 0.7755 as Australia is working on a quarantine-free travel corridor with Singapore. Across the Tasman Sea, the NZD/USD pair inched down 0.01% to 0.7195. The USD/CNY pair edged down 0.10% to 6.3865. The GBP/USD pair inched up 0.06% to 1.4182. Investors will be monitoring the…

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India Reports 94,052 New COVID-19 Cases India 

India Reports 94,052 New COVID-19 Cases

By Administrator_ India Capital Sands India reported 94,052 new COVID-19 cases and 6148 new deaths today. The country has so far reported a total of 2,91,83,121 cases and 3,59,676 deaths. India’s test positivity rate (positive cases identified for every 100 tests) continues to decline. It stands at 4.69 percent, the third straight day that it is below the 5 per cent-mark. Tamil Nadu reported 17,321 infections, followed by Kerala (16,204) Maharashtra (10,989) and Karnataka (10,959). The Nitish Kumar government on Wednesday reported that the number of deaths across the state…

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